Central Bank Weighs Greenfield Entry For First Fully Owned Foreign Banks

According to The Reporter Ethiopia, The National Bank of Ethiopia (NBE) is reviewing applications from two foreign banks seeking to establish fully owned subsidiaries in the country, while several other international lenders conduct due diligence on potential equity investments in existing Ethiopian banks, a senior regulator disclosed. Frezer Ayalew, Director of Banking Supervision department at the NBE, revealed the developments during a panel discussion on foreign strategic inves